Listed below are a few events and transactions of Kodax Company. 2017 2 Purchased 30,000 shares of Grecco Co. common stock for $408,000 cash plus $3,000 cash. Grecco has 90,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodax. 1 Grecco declared and paid Jan. a broker's fee of a cash dividend of $1.50 per share. Sept. Dec. 31 Grecco announced that net income for the year is $486,900. 2018 1 Grecco declared and paid a cash dividend of $2.10 per share. Dec. 31 Grecco announced that net income for the year is $702,750. Dec. 31 Kodax sold 10,000 shares of Grecco for $320,000 cash. June Prepare journal entries to record the above transactions and events of Kodax Company. (Do not round intermediate calculations and round your final answers to the nearest dollar amount.) View transaction list View journal entry workstheet Prev 1 of 1 Next Ac Ps P earch You received partial credit in the previous attempt Check my work No Date General Jourial Debit Crdit Jan 02, 2017 Long-term investments-Grecco 411,000 Cash 411,000 Sep 01, 2017 Cash 45,000 Long-term investments- Grecco 45,000 Dec 31, 2017 Long-term investments-Grecco 146,070 Earnings from long-term investment 160,677 4 Jun 01, 2018 Cash 63.000 Long-term investments-Grecco 63,000 Dec 31, 2018 Long-term investments-Grecco Earnings from long-term investment 6 Dec 31, 2018 Cash 320,000 Long-term investments-Grecco Gain on sale of investment Prev 1 of 1 Next Ae earch